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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-04-11 21:16
European carbon prices rose sharply on Thursday morning, erasing Wednesday's losses and setting a new 11-week high, as energy prices surged after Russia attacked Ukrainian energy and gas facilities.
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Serbia joins central and southern Europe regional energy exchange as part of preparations for CBAM

Carbon Pulse - Thu, 2024-04-11 20:04
Serbia will join Hungary and Slovenia’s regional energy exchange to encourage development and as part of the country’s efforts to avoid having to pay the EU’s new Carbon Border Adjustment Mechanism (CBAM) fee, it announced this week.
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Toxic gas, livelihoods under threat and power outages: how a seaweed causes chaos in Caribbean

The Guardian - Thu, 2024-04-11 20:00

Leaders have failed to tackle invasion of sargassum, which may have a bumper year in 2024

Schools evacuated due to toxic gas. Smelly tap water at home. Tourist operators and fishers struggling to stay in business. Job losses. Power outages affecting tens of thousands of people at a time. Dangerous health problems. Even lives lost.

Such crises were some of the consequences of sargassum seaweed in the islands of the Caribbean in 2023, which have become common in the region since 2011, when massive blooms began inundating the shorelines in the spring and summer months.

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Japanese, Thai developers ink deal for JCM project

Carbon Pulse - Thu, 2024-04-11 19:44
A Japanese project developer has entered into an agreement with a Bangkok-based firm for an afforestation project in Thailand under Japan’s Joint Crediting Mechanism (JCM), the companies announced Thursday.
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UK waste-to-energy plans to add CCS to generate carbon-negative power

Carbon Pulse - Thu, 2024-04-11 19:35
A UK waste-to-energy company announced Thursday that it is moving ahead with plans to invest £200 million in carbon capture and storage (CCS) technology at a site in Wales, which it says will turn the plant into a carbon-negative power producer.
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“Ghost roads” tearing down tropical forests in Asia-Pacific -research

Carbon Pulse - Thu, 2024-04-11 18:33
Almost 1.4 million kilometres of roads not marked in official road maps and often built illegally, known as “ghost roads”, are presenting a grave threat to tropical forests in the Asia-Pacific region, researchers have found.
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China releases ecological protection compensation scheme regulations, highlights market-based instruments

Carbon Pulse - Thu, 2024-04-11 17:01
China has introduced state-level regulations governing compensation for ecological protection, as the government aims to encourage the use of market-based instruments such as carbon credit purchases. 
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SBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision -Reuters

Carbon Pulse - Thu, 2024-04-11 16:56
An internal letter to the Science Based Targets initiative’s (SBTi) board and CEO has called for the non-profit's chief executive to resign and to reverse the decision to allow companies to use carbon credits to meet Scope 3 emissions targets, Reuters reports.
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China’s coal plant build hits new high in 2023, driving global growth

Carbon Pulse - Thu, 2024-04-11 16:27
Global coal capacity rose last year, with China – the world’s largest LNG importer and biggest developer of new solar and wind capacity – accounting for two-thirds of that growth, according to a think tank report published Thursday.
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Dazzling artwork found at ancient city of Pompeii

BBC - Thu, 2024-04-11 16:23
Archaeologists unearth significant new paintings in the ancient Roman town buried by a volcano in AD79.
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FEATURE: Pressure mounts to include plastic credits in UN treaty, verifiers point to increasing interest

Carbon Pulse - Thu, 2024-04-11 16:00
Environmental market standards are intensifying their push to establish an international framework for plastic credits under the UN plastics treaty, even as experts raise concerns over the viability of recycling at scale.
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Who complains about church bells or cicadas in France? You’d be surprised | Dale Berning Sawa

The Guardian - Thu, 2024-04-11 16:00

Visitors to the countryside objecting to a variety of rural noises are such a problem that legislators feel compelled to act

The French parliament is taking aim at noise complaints in the countryside. Lawmakers say they are well acquainted with the problem of residents who have moved to the countryside from the big cities bemoaning the way livestock, church bells and other rural sounds impinge on their newly claimed right to pastoral quiet.

A new law aims to stop these néoruraux (rural newcomers) from taking farmers to court over farming activities that were already happening long before they arrived. Opposition MPs have derided the new bill as hot air, because it mostly just reorganises existing bits of legislation. But what is new is an emphasis on what the justice minister, Éric Dupond-Moretti, calls le vivre-ensemble: living together in a respectful way – something I feel is sorely needed.

Dale Berning Sawa is a freelance writer based in London

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Australia should aim for 65-75% emissions cuts in 2035 NDC, Climate Change Authority paper says

Carbon Pulse - Thu, 2024-04-11 15:56
Australia’s Climate Change Authority proposed an indicative 2035 emissions reduction target of 65-75% below 2005 levels in an issues paper released Thursday, saying additional actions would need to be taken by all sectors to reach it.
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Cotton demand driving deforestation in Brazil’s Cerrado linked to European fashion giants -report

Carbon Pulse - Thu, 2024-04-11 15:00
Almost a million tonnes of cotton grown on deforested mega estates in Brazil’s biodiverse Cerrado region have been linked to the production of clothing and homeware for two of the world’s largest retailers, finds an investigation by an environmental NGO.
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Why an intention to conserve an area for only 25 years should not count for Australia’s target of protecting 30% of land

The Conversation - Thu, 2024-04-11 14:31
Proper biodiversity conservation requires long-term commitments to protect areas of land and water, as laid down in international guidelines. James Fitzsimons, Adjunct Professor in Environmental Sciences, Deakin University Licensed as Creative Commons – attribution, no derivatives.
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Great Barrier Reef suffering ‘most severe’ coral bleaching on record – video

The Guardian - Thu, 2024-04-11 14:14

Concern that the Great Barrier Reef may be suffering the most severe mass coral bleaching event on record has escalated after a conservation group released footage showing damage to the reef deep below the surface.

Dr Selina Ward, a marine biologist and former academic director of the University of Queensland’s Heron Island Research Station, says it is the worst bleaching she had seen in 30 years working on the reef. 'It's absolutely heartbreaking,' she says.

Ward says Australia can't expect to save the reef while opening new fossil fuel developments. 'We really are running out of time. We need to reduce our emissions immediately.'

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